TitulusOever
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (30 days) Filed on 30 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00407209.
Turnover
€257,127
EBIT margin
-8.2%
Net result
-€25,573▲ 53.6%
2022 · -€55,160
Working capital
-€44,907▼ 50.1%
2022 · -€29,914
Trend over the years
2019 to 2023, 5 financial years
The operating result stays negative: a loss of €21,762 in 2023 against €53,210 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€21,762
2023
Net result-€25,573
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€113,342
2023
Equity-€28,793
2023
Debt€142,134
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€44,907
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-22.6%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-25.4%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.55
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)4
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Turnover€257,127
Operating result-€42,674--€21,203▲ 50.3%€352-€53,210-€21,762▲ 59.1%
Net result-€43,936--€23,153below the sector's middle half▲ 47.3%-€969within the sector's middle half▲ 95.8%-€55,160below the sector's middle half▼ 5,592%-€25,573below the sector's middle half▲ 53.6%
EBIT margin-8.2%
Equity€76,064-€52,911within the sector's middle half▼ 30.4%€51,941within the sector's middle half▼ 1.8%-€3,220below the sector's middle half-€28,793below the sector's middle half▼ 794%
Total assets€232,882-€192,391within the sector's middle half▼ 17.4%€164,655within the sector's middle half▼ 14.4%€122,394within the sector's middle half▼ 25.7%€113,342within the sector's middle half▼ 7.4%
Debt€156,818-€139,480▼ 11.1%€112,715▼ 19.2%€125,613▲ 11.4%€142,134▲ 13.2%
Working capital€53,783-€32,427within the sector's middle half▼ 39.7%€30,059within the sector's middle half▼ 7.3%-€29,914below the sector's middle half-€44,907below the sector's middle half▼ 50.1%
Solvency32.7%-27.5%within the sector's middle half▼ 5.2pp31.5%within the sector's middle half▲ 4.0pp-2.6%below the sector's middle half▼ 34.2pp-25.4%below the sector's middle half▼ 22.8pp
Current ratio1.67-1.46within the sector's middle half▼ 0.211.51within the sector's middle half▲ 0.050.66below the sector's middle half▼ 0.850.55below the sector's middle half▼ 0.10
Return on assets (ROA)-18.9%--12.0%below the sector's middle half▲ 6.8pp-0.6%within the sector's middle half▲ 11.4pp-45.1%below the sector's middle half▼ 44.5pp-22.6%below the sector's middle half▲ 22.5pp
Staff (FTE)0.7-1.5within the sector's middle half▲ 114%3▲ 100%4
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €113,342
Fixed assets
€58,093 ▼ 11.2%
Current assets
€55,249 ▼ 3.1%
Equity and liabilities
Equity-€28,793
Debt€142,134
Equity is negative: debt (€142,134) exceeds the balance-sheet total (€113,342).
Key figures and ratios
EBITDA
-€10,078▲
2022 · -€39,450
Cash flow
-€13,890▲
2022 · -€41,400
Quick ratio
0.37▲
2022 · 0.37
Interest coverage
-2.55▲
2022 · -17.42
Debt ≤ 1 year
€100,156▲
2022 · €86,912
Debt > 1 year
€41,978▲
2022 · €38,701
Staff costs
€155,736▼
2022 · €161,180
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €257,127 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €235,477 | €279,485 | €192,067 | ▼ 31.3% |
| Remuneration, social security and pensions62 | - | - | €66,733 | €161,180 | €155,736 | ▼ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,029 | €13,899 | €14,627 | €13,760 | €11,683 | ▼ 15.1% |
| Other operating charges640/8 | - | - | €1,380 | €1,807 | €1,858 | ▲ 2.8% |
| Gross operating margin9900 | -€21,396 | €38,333 | €83,091 | €123,537 | €147,515 | ▲ 19.4% |
| Operating profit (loss)9901 | -€42,674 | -€21,203 | €352 | -€53,210 | -€21,762 | ▲ 59.1% |
| Financial income75/76B | - | - | €455 | €314 | €139 | ▼ 55.8% |
| Recurring financial income75 | €79 | €228 | €455 | €314 | €139 | ▼ 55.8% |
| Financial charges65/66B | - | - | €1,776 | €2,265 | €3,950 | ▲ 74.4% |
| Recurring financial charges65 | €1,341 | €2,178 | €1,776 | €2,265 | €3,950 | ▲ 74.4% |
| Profit (loss) for the period before taxes9903 | -€43,936 | -€23,153 | -€969 | -€55,160 | -€25,573 | ▲ 53.6% |
| Profit (loss) for the period9904 | -€43,936 | -€23,153 | -€969 | -€55,160 | -€25,573 | ▲ 53.6% |
| Profit (loss) for the period to be appropriated9905 | -€43,936 | -€23,153 | -€969 | -€55,160 | -€25,573 | ▲ 53.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €232,882 | €192,391 | €164,655 | €122,394 | €113,342 | ▼ 7.4% |
| Fixed assets21/28 | €98,421 | €89,226 | €75,707 | €65,395 | €58,093 | ▼ 11.2% |
| Tangible fixed assets22/27 | €95,612 | €86,417 | €72,898 | €62,586 | €55,284 | ▼ 11.7% |
| Plant, machinery and equipment23 | - | - | €63,901 | €55,431 | €48,195 | ▼ 13.1% |
| Furniture and vehicles24 | - | - | €8,997 | €7,156 | €7,089 | ▼ 0.9% |
| Financial fixed assets28 | €2,809 | €2,809 | €2,809 | €2,809 | €2,809 | = |
| Current assets29/58 | €134,461 | €103,165 | €88,949 | €56,998 | €55,249 | ▼ 3.1% |
| Stocks and contracts in progress3 | €13,628 | €13,923 | €38,120 | €25,003 | €17,989 | ▼ 28.1% |
| Stocks30/36 | - | - | €38,120 | €25,003 | €17,989 | ▼ 28.1% |
| Amounts receivable within one year40/41 | €40,389 | €40,955 | €13,710 | €22,598 | €9,680 | ▼ 57.2% |
| Trade receivables40 | - | - | €2,372 | €22,444 | €9,438 | ▼ 57.9% |
| Other amounts receivable41 | - | - | €11,338 | €154 | €242 | ▲ 57.4% |
| Cash at bank and in hand54/58 | €80,444 | €43,927 | €31,910 | €8,177 | €27,122 | ▲ 232% |
| Deferred charges and accrued income490/1 | - | - | €5,210 | €1,220 | €458 | ▼ 62.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €232,882 | €192,391 | €164,655 | €122,394 | €113,342 | ▼ 7.4% |
| Equity10/15 | €76,064 | €52,911 | €51,941 | -€3,220 | -€28,793 | ▼ 794% |
| Contributions10/11 | €120,000 | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Capital10 | - | - | €120,000 | €120,000 | €120,000 | = |
| Issued capital100 | - | - | €120,000 | €120,000 | €120,000 | = |
| Profit (loss) carried forward14 | -€43,936 | -€67,089 | -€68,059 | -€123,220 | -€148,793 | ▼ 20.8% |
| Amounts payable17/49 | €156,818 | €139,480 | €112,715 | €125,613 | €142,134 | ▲ 13.2% |
| Amounts payable after more than one year17 | €76,140 | €68,742 | €53,824 | €38,701 | €41,978 | ▲ 8.5% |
| Financial debts170/4 | - | - | €53,824 | €38,701 | €41,978 | ▲ 8.5% |
| Amounts payable within one year42/48 | €80,678 | €70,738 | €58,890 | €86,912 | €100,156 | ▲ 15.2% |
| Current portion of amounts payable after more than one year42 | - | - | €30,895 | €31,122 | €12,701 | ▼ 59.2% |
| Trade debts44 | €48,259 | €34,280 | €10,158 | €20,749 | €57,630 | ▲ 178% |
| Suppliers440/4 | - | - | €10,158 | €20,749 | €57,630 | ▲ 178% |
| Advances received on contracts in progress46 | - | - | €2,564 | €2,564 | - | - |
| Taxes, remuneration and social security45 | - | - | €12,167 | €29,431 | €27,863 | ▼ 5.3% |
| Taxes450/3 | - | - | €810 | €9,071 | €13,164 | ▲ 45.1% |
| Remuneration and social security454/9 | - | - | €11,357 | €20,360 | €14,699 | ▼ 27.8% |
| Other amounts payable47/48 | - | - | €3,106 | €3,046 | €1,963 | ▼ 35.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€43,936 | -€23,153 | -€969 | -€55,160 | -€25,573 | ▲ 53.6% |
| + Depreciation and write-downs630 | €6,029 | €13,899 | €14,627 | €13,760 | €11,683 | ▼ 15.1% |
| Operating cash flow (approximation) | -€37,907 | -€9,254 | €13,658 | -€41,400 | -€13,890 | ▲ 66.5% |
| Investment in fixed assets (approximation) | - | -€4,704 | -€1,108 | -€3,449 | -€4,381 | ▼ 27.0% |
| Change in cash | - | -€36,517 | -€12,017 | -€23,733 | €18,945 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 30-08-2024 | 2024-00407209 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379034 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20400750 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56200520 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50600230 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 2,319 active companies whose main activity is retail sale of wines and spirits (NACE 47251), figures are known for 412. See the whole sector
Subsidies and aid
Flemish government
2024 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.